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Dec 5, 2012
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taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rates on the wealthy go up. >> ifill: the president is... hassles proposedded something that john boehner calls silliness or secretary geithner actually did which is taking thed why of the debt ceiling off of congress' plate. something which members of congress seem to think at least is a no starter. what is the value in putting that out there? >> well again it needs to be said. this is crazy. the way that the debt ceiling works is that congress can actually vote to not tax enough to pay for the spending it proposes and then it can refuse to allow the government to borrow the money to make up the difference between its own spending bills and its own tax bills. this is crazy. this is a license for continual irresponsibility. and of course we're heading for... the republicans are attempting to d
taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rates on the wealthy go up. >> ifill: the president is... hassles proposedded something that john boehner calls silliness or secretary geithner actually did which is taking thed why of the debt ceiling off of...
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Dec 7, 2012
12/12
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pressed his case at the home of a middle class family in virginia today, part of his pitch to extend tax cuts for all but the very wealthy. good evening, i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we update the state of the negotiations and examine the push to make changes to social security and medicare >> brown: then, margaret warner looks at the political strife in egypt, after deadly clashes in the streets and resignations by top officials. >> woodruff: we have a battleground dispatch from a coastal city facing rising sea levels and the next big storm. >> if sandy were to come close or directly into norfolk i think we'd all be in big trouble. >> brown: we assess the latest diplomatic moves to end syria's war, as secretary of state hillary clinton meets with russia's foreign minister. >> woodruff: and ray suarez has the story of a program that aims to put students at low-achieving schools on a path to high school graduation. >> we're here to make things better. we're here to tutor kids. we're here to make sure that they stay on track. we are here
pressed his case at the home of a middle class family in virginia today, part of his pitch to extend tax cuts for all but the very wealthy. good evening, i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we update the state of the negotiations and examine the push to make changes to social security and medicare >> brown: then, margaret warner looks at the political strife in egypt, after deadly clashes in the streets and resignations by top...
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Dec 7, 2012
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but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic that agreement can be reached, but again drew a hard line for republicans in congress. >> everybody's is going to have to share in some sacrifice. but it starts with folks who are in the best position to sacrifice. who are in the best position to step up . just to be clear i'm not going to sign any package that somehow prevents the top rate from going up, the top 2% from going up. >> woodruff: the president phoned house speaker john boehner yesterday, their first direct talk in almost a week. but today white house spokesman jay carney wouldn't share details of the call. >> we believe it's in the interest of achieving an agreement not to do that. >> reporter: treasury secretary timothy geithner said ye
but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic that agreement can be reached, but again drew a hard line for republicans in congress....
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Dec 4, 2012
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you can rest assured that they're going to be tax increases, tax-rate increases for the top 2%. you're probably going to see more in the form of health care entitlement cuts. >> ifill: you're thinking, however, that whatever compromise they come up with will be some distance from what you proposed more than a year ago? >> actually, it was more than a year ago. it was more than two years ago. times change. elections happen. there are consequences to those elections. yes, i think you'll see a different product come out. but i think the key is you're going to see a balanced approach with both revenue and spending cuts. you're going to see at least $4 trillion because that is the minimum amount you have to reduce the deficit in order to stabilize the debt and get it on a downward path as a percent of g.d.p. >> ifill: you said a moment ago that this is theater. these are both like opening bids that either side is going to reject. how do we get past that? how do they get past that if, in fact, the catastrophe everyone is warning about is to be avoided. >> if they got to agreement the
you can rest assured that they're going to be tax increases, tax-rate increases for the top 2%. you're probably going to see more in the form of health care entitlement cuts. >> ifill: you're thinking, however, that whatever compromise they come up with will be some distance from what you proposed more than a year ago? >> actually, it was more than a year ago. it was more than two years ago. times change. elections happen. there are consequences to those elections. yes, i think...
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Dec 6, 2012
12/12
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it includes limiting tax deductions, but no increase in marginal tax rates. and it would change eligibility for medicare and social security over the longer term. bob corker is from tennessee and joins us now from capitol hill. senator, welcome, and first of all, we heard late today that there was a phone conversation between the president and speaker boehner. have you heard anything about that? >> no, i haven't. i've been in multiple conversations today about this. but i've been in a meeting until right now for the last two hours. so i have not been aware of the phone conversation. sphwhrood well, we not hearing any reports other than the fact the call took place, but the fact that it took place, is that good news? >> oh, i don't know, judy. i think there are a the love discussions about what is the best way to get the type of entitlement reforms that everyone knows needs to take place, both republicans and democrats. judy, i have been in i don't know how many meetings in the last two years where there is a lot of commonality around the issue. as you know, t
it includes limiting tax deductions, but no increase in marginal tax rates. and it would change eligibility for medicare and social security over the longer term. bob corker is from tennessee and joins us now from capitol hill. senator, welcome, and first of all, we heard late today that there was a phone conversation between the president and speaker boehner. have you heard anything about that? >> no, i haven't. i've been in multiple conversations today about this. but i've been in a...
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Nov 30, 2012
11/12
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obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli amb
obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general...